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Dec 11, 2015

[QandA] Economics Questions (100 Questions) - Part 1



Date: Dec 12, 2015
Time: 1 hour 15 minutes
(01)
Match:
List – I
List – II
(a)
Ludhiana
1
Auto parts
(b)
Kanpur
2
Woollen garments
(c)
Varanasi
3
Leather
(d)
Vijayawada
4
Handloom

            (a)       (b)       (c)       (d)
[A]      1          4          3          2
[B]      2          3          4          1
[C]      2          4          3          1
[D]      1          3          4          2

(02)
Which one of the following continents accounts for the maximum share in exports from India?
[A] Asia
[B] Europe
[C] Africa
[D] North America

(03)
During the Eleventh Five year Plan, agriculture sector in India witnessed a growth rate of 3.3% per annum which is higher than 2.4% per annum in the previous five year plan. This is largely due to better performance of
[A] crops and livestock
[B] oilseeds and fibres
[C] fishing and oilseeds
[D] fibres and fishing

(04)
Which one of the following is not correct in the context of balance eof payments of India during 2013 – 14?
[A] India’s exports were less than its imports
[B] Trade balance was negative
[C] Net invisibles were positive
[D] Capital account balance was negative

(05)
Which of the following statements about the livestock sector in India is/are correct?
1. Livestock contributed about 25% of gross value added in agriculture
2. It provides self employment to a large segment of population
3. Rapid growth of livestock sector can be egalitarian and inclusive
[A] 3 only
[B] 1 and 2 only
[C] 2 and 3 only
[D] 1, 2 and 3

(06)
Which one of the following is not correct in the current Indian scenario?
[A] Life expectancy is on the increase and is about 67 years as of now
[B] Infant mortality rate is on the decline and has reached 47 per thousand
[C] Maternal mortality rate is on the rise due to lack of medical facilities
[D] Percentage of women giving birth in health institutions is on the rise

(07)
The First Five year Plan (1951 – 1956) was drafted by
[A] P C Mahalanobis
[B] K N Raj
[C] J C Kumarapa
[D] Jawaharlal Nehru

(08)
‘United Stock Exchange’ is the India’s newest stock exchange. The main area of this stock exchange
[A] currency futures
[B] share and securities
[C] copper and metal futures
[D] commodities futures

(09)
The largest blast furnace steel plant which was modernised by the central Government and dedicated to the nation recently is in the State of
[A] Bihar
[B] West Bengal
[C] Odisha
[D] Jharkhand

(10)
Base year of Consumer Price Index has been shifted recently. It has been changed now to
[A] 2010
[B] 2011
[C] 2012
[D] 2013

(11)
Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 has taken effect from
[A] April 01, 2015
[B] June 01, 2015
[C] July 01, 2015
[D] August 01, 2015

(12)
When the price of a commodity falls, we can expect the
[A] supply of it to increase
[B] demand for it to fall
[C] demand for it to stay constant
[D] demand for it to increase

(13)
‘Economics’ is what it ought to be. This statement is refer to
[A] normative economics
[B] positive economics
[C] monetary economics
[D] fiscal economics

(14)
Where was the first cotton mill in India established?
[A] Surat
[B] Bombay
[C] Coimbatore
[D] Ahmedabad

(15)
Eco – mark is given to an Indian product which is
[A] rich in protein
[B] environment friendly
[C] economically viable
[D] pure and unadulterated

(16)
Economic growth is usually coupled with
[A] Deflation
[B] Inflation
[C] Stagflation
[D] Hyper inflation

(17)
Which one of the following statements with regard to the Saansad Adarsh Gram Yojana is not correct?
[A] It was launched in the year 2014 on the birth anniversary of Lal Babadur Shastri
[B] Members of the Parliament will adopt villages to create model villages
[C] District Magistrates will act as coordinators
[D] A Rajya Sabha MP has to choose a Gram Panchayat in the State from which he or she was elected

(18)
Which one of the following statements with regard to the ‘Make in India’ initiative of the Government of India is not correct?
[A] In order to guide the foreign investors, a body named ‘Invest India’ has been created
[B] The Government has identified key sectors with potential to attract investment
[C] The initiative also aims to identify selected domestic companies having leadership in innovation and new technology for turning them into global champion.
[D] The programme is being implemented by the Ministry of Finance

(19)
The Gini Coefficient is a measure of
[A] Rodent population
[B] Migration rate of Guineas nationals
[C] Income inequality
[D] Ratio of coinage to currency note

(20)
Which of the following variables are used to calculate Gender Inequality Index (GII)?
1. Maternal Mortality Rate
2. Adolescent Fertility Rate
3. Relative difference in the per capita income of men and women
4. Relative share of men and women in the parliamentary seats
[A] 1 and 2 only
[B] 3 and 4 only
[C] 1, 2 and 4 only
[D] 1, 2, 3 and 4

(21)
According to the Census 2011 the youth in the age group of 15-29 years constitute _____ of India’s population
[A] 25.5%
[B] 26.5%
[C] 27.5%
[D] 28.5%

(22)
Who was not the member of the first National Income Committee of 1949?
[A] P. C. Mahalanobis
[B] D. R. Gadgil
[C] Dadabhai Naoroji
[D] V. K. R. V. Rao

(23)
Which one of the following countries is not a member of ASEAN?
[A] Cambodia
[B] China
[C] Laos
[D] Vietnam

(24)
The National Rural Employment Guaranteed Programme came into force to provide 100 days of employment in
[A] 2003
[B] 2004
[C] 2005
[D] 2006
(25)
National Agricultural Insurance Scheme was introduced in the year of
[A] 1979 – 1980
[B] 1989 – 1990
[C] 1999 – 2000
[D] 2009 – 2010

(26)
Match:

List – I
(World Bank constituents)
List – II
(Related works)
(a)
IBRD
1
Offers loans to middle income developing countries
(b)
IDA
2
Concessional loans and grants to the world’s poorest developing countries
(c)
IFC
3
Offers investment, advisory and asset management services to encourage private sector development in developing countries
(d)
MIGA
4
Offers political risk insurance guarantees
Codes:
            (a)       (b)       (c)       (d)
[A]      1          2          4          3
[B]      2          1          4          3
[C]      2          1          3          4
[D]      1          2          3          4

(27)
Which of the two constituents are collectively called as World Bank, as they share the same leadership and staff?
(I) IBRD        (II) IDA                     (III) IFC        (IV) MIGA
[A] I and II only
[B] II and III only
[C] III and IV only
[D] I and IV only

(28)
Consider the following statements about the proposed Chennai-Bengaluru industrial corridor.
1.  It’ll pass through Tamil Nadu, Andhra Pradesh and Karnataka.
2.  It’ll be developed with Japanese assistance.
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

(29)
Assertion (A): “Balance of Payments” represents a better picture of a country’s economic transactions with the rest of the world than the “Balance of Trade”
Reason (R): “Balance of Payments” takes into account the exchange of both visible and invisible items whereas “Balance of Trade” does not
[A] Both A and R are individually are true and R is the correct explanation of A
[B] Both A and R are individually true but R is not the correct explanation of A
[C] A is true but R is false
[D] A is false but R is true

(30)
Which one of the following statements is correct?
Fiscal Responsibility and Budget Management Act (FRBMA) concerns,
[A] Fiscal deficit only
[B] Revenue deficit only
[C] Both fiscal deficit and revenue deficit
[D] Neither fiscal deficit nor revenue deficit

(31)
Which of the following is/are correctly matched? {Schemes and associated Ministries}
1. Mid Day Meal Scheme – Ministry of Rural Development
2. Wheat Based Nutrition Programme – Ministry of Women and Child Development
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

(32)
Match:
List – I
List – II
(a)
Wealth Definition
1
Samuelson
(b)
Welfare Definition
2
Alfred Marshall
(c)
Scarcity Definition
3
Lionel Robbin
(d)
Modern Definition of Economics
4
Adam Smith
Codes:
            (a)       (b)       (c)       (d)
[A]      1          3          2          4
[B]      1          2          3          4
[C]      4          2          3          1
[D]      4          3          2          1

(33)
Stagflation refers to a situation which is characterized by
[A] inflation and rising employment
[B] inflation and rising unemployment
[C] stagnant employment and deflation
[D] deflation and rising unemployment

(34)
The Case – Shiller Index is used for gauging price trends in which sector of the economy
[A] Manufacturing sector
[B] Real estate sector
[C] Electricity sector
[D] Agriculture sector

(35)
Which of the following institutions are parts of the Bretton Woods System?
1. International Monetary Fund
2. International Bank of Reconstruction and Development
3. World Trade Organization
4. International Development Association
5. Bank of International Settlements
[A] 1, 2, 3 and 4
[B] 1, 2 and 4 only
[C] 1, 3 and 4 only
[D] 1, 2, 4 and 5 only

(36)
The sum of which of the following constitutes the Reserve Money in India
1. Currency with Public
2. Demand Deposits with Bank
3. Other Deposits with Bank
4. Cash Reserves of Bank
[A] 1 and 4 only
[B] 2 and 3 only
[C] 2 and 4 only
[D] 1, 2 and 4 only

(37)
In an open economy, the national income (Y) of the economy is equal to:
(C, I, G, X, M stand for consumption, Investment, Government Consumption, Total exports and Total imports respectively)
[A] Y = C + I+ G + X
[B] Y = C+ I +G – X + M
[C] Y = C+ I + G + (X – M)
[D] Y = C + I – G + X – M

(38)
Which of the following are parts of National Action Plan on Climate Change?
1. Green India Mission
2. National Solar Mission
3. National Desertification Mitigation Mission
4. National Mission on Enhanced Energy Efficiency
[A] 1 only
[B] 1 and 2 only
[C] 1, 2 and 4 only
[D] 1, 2, 3 and 4

(39)
What are “green bonds”?
[A] They are financial instrument for swapping the risk of debt default
[B] These are tax exempt bonds
[C] They are long term debt instruments
[D] None of the above

(40)
Tarapore Committee is related with:
[A] Current Account Convertibility
[B] Capital Account Convertibility
[C] Oil Pricing
[D] Micro Small and Medium Enterprises

(41)
What do you understand by Intensive Subsistence Agriculture?
[A] In this type of agriculture the yield per unit area is high but per labour productivity is low.
[B] In this type of agriculture the yield per unit area is low but per labour productivity is high.
[C] In this type of agriculture the yield per unit area & per labour productivity is low.
[D] In this type of agriculture the yield per unit area & per labour productivity is high.

(42)
Managed currency is said to be the
[A] Currency, the exchange rate of which can be managed easily.
[B] Currency, the intrinsic value of which can be managed by increasing or decreasing its supply.
[C] For which, the government of the country intervenes in some way or the other to influence the prevailing rate of exchange.
[D] Quota of currency to be managed by the Central Bank at times of deflation.

(43)
In the "CAMELS" bank - rating system, the word A stands for
[A] Adequate quality
[B] Asset quality
[C] Average quality
[D] Annual quality

(44)
Banks in India are required to maintain a portion of their demand and time liabilities with the Reserve Bank of India. This portion is called
[A] Statutory Liquidity Ratio
[B] Cash Reserve Ratio
[C] Bank Deposit
[D] Reverse Repo

(45)
_____ refers to long-term planning in which long range targets are set in advance for a period of 15, 20 or 25 years.
[A] Annual Planning
[B] Indicative Planning
[C] Perspective Planning
[D] Democratic Planning

(46)
Debenture holders of a company are its
[A] shareholder
[B] creditors
[C] debtor
[D] directors

(47)
Which one of the following Five Year plans of Indian Economy started the indicative planning?
[A] Third Five Year Plan
[B] Fifth Five Year plan
[C] Sixth Five Year Plan
[D] Eighth Five Year Plan

(48)
Consider the following statement(s):
1. Philips’ curve is an inverse relationship between the rate of unemployment and the rate of inflation in an economy
2. Engel’s law observes that, as income rises the proportion of income spent on food also increases
Which of the statement(s) given above is/are correct?
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

(49)
During which plan was the National Bank for Agriculture and Rural Development (NABARD) established to facilitate the rural credit and agriculture development?
[A] Third Five Year Plan
[B] Fifth Five Year plan
[C] Sixth Five Year Plan
[D] Eighth Five Year Plan

(50)
In the last one decade, which one among the following sectors has attracted the highest foreign direct investment inflows into India?
[A] Chemicals other than fertilizers
[B] Services sector
[C] Food processing
[D] Telecommunication

(51)
Devaluation of a currency means
[A] reduction in the value of a currency vis-a-vis major internationally traded currencies
[B] permitting the currency to seek its worth in the international market
[C] fixing the value of the currency in conjunction with the movement in the value of a basket of pre-determined currencies
[D] fixing the value of currency in multilateral consultation with the IMF, the World Bank and major trading partners

(52)
India changed over to the decimal system of coinage in
[A] April 1995
[B] April 1957
[C] April 1958
[D] April 1959

(53)
The Securities and Exchange Board of India (SEBI) was established in
[A] 1992
[B] 1947
[C] 1990
[D] 1976

(54)
RBI Committee on the Financial Inclusion was headed by
[A] Deepak Mohanty
[B] R. Gandhi
[C] Usha Thorat
[D] Shyamala Gopinath

(55)
List – I (Recently Released Coins by RBI)
List – II
(Purpose)
(a)
Rs. 5 Coin
1
Commemorate the birth anniversary of Dr. S. Radhakrishnan
(b)
Rs. 10 Coin
2
Commemorate the 2010 Commonwealth Games
(c)
Rs. 100 Coin
3
Commemorate the occasion of Centenary Commemoration of Mahatma Gandhi’s return from South Africa
(d)
Rs. 125 Coin
4
Commemorate the Golden Jubilee of Indo – Pak War 1965
            (a)       (b)       (c)       (d)
[A]      2          2          3          1
[B]      1          3          2          4
[C]      4          3          2          1
[D]      1          2          3          4

(56)
Pradhan Mantri Jan – Dhan Yojana was launched on
[A] August 15, 2014
[B] October 02, 2014
[C] August 15, 2015
[D] October 02, 2015

(57)
Consider the following statements:
1. The headquarters of BRICS Bank is at Shanghai
2. The headquarters of AIIB is at Beijing
Which of the above statement(s) is/are correct?
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

(58)
Which of the following state(s) has implemented the National Food Security Act (NFSA) either partially or fully? (as of Dec 05, 2015)
1. Bihar                     2. Odisha                  3. Himachal Pradesh
4. Kerala                   5. Andhra Pradesh  6. Haryana
[A] 1, 2 and 3 only
[B] 4, 5 and 6 only
[C] 1, 3 and 5 only
[D] 2, 4 and 6 only

(59)
Which of the following is an Indirect Tax?
[A] Excise Tax
[B] Wealth Tax
[C] Corporate Tax
[D] Property Tax

(60)
Which of the following bank issued ‘Samurai Bonds’ in Japan?
[A] EXIM Bank
[B] ICICI Bank
[C] State Bank of India
[D] Bank of India

(61)
The Technology Upgradation Fund Scheme (TUFS) is a policy initiative for which among the following sectors?
[A] Textile Sector
[B] Manufacturing Sector
[C] Information Technology Sector
[D] Agro - Industries Sector

(62)
P-Notes is a/an ____.
[A] Alternative investment instrument
[B] Alternative derivative instrument
[C] Offshore derivative instrument
[D] Offshore equity instrument

(63)
In stock market, what do you understand by the term “Leverage”?
[A] Seeking to increase returns by borrowing funds.
[B] Process of selling securities that the seller does not own.
[C] Profit from the price differentials between the two markets.
[D] Buying securities from the primary market to sell them at higher prices in secondary market.

(64)
In stock market, what do you understand by the term “Stag investor”?
[A] Seeking to increase returns by borrowing funds.
[B] Process of selling shares of a security that the seller does not own.
[C] Profit from the price differentials between the two markets.
[D] Buying securities from the primary market to sell them at higher prices in secondary market.

(65)
An increase in the Bank Rate generally indicates that the
[A] market rate of interest is likely to fall
[B] RBI is no longer making loans to commercial banks
[C] RBI is following an easy money policy
[D] RBI is following a tight money policy

(66)
Disguised unemployment generally means
[A] large number of people remain unemployed
[B] alternative employment is not available
[C] marginal productivity of labour is zero
[D] productivity of workers is low

(67)
To obtain full benefits of demographic dividend, what should India do?
[A] Promoting skill development
[B] Introducing more social security schemes
[C] Reducing infant mortality rate
[D] Privatization of higher education
  
(68)
Money Multiplier is the ratio of
[A] Broad Money to Reserve Money
[B] Narrow Money to Reserve Money
[C] Reserve Money to Narrow Money
[D] Reserve Money to Narrow Money

(69)
Which of the following is called as 'High Powered Money'?
[A] M4
[B] M3
[C] M2
[D] M0

(70)
Which of the following Money supply has the highest liquidity?
[A] M0
[B] M1
[C] M2
[D] M3

(71)
Match:
List – I (Report)
List – II (Published by)
(a)
Global Innovation Index
1
WIPO
(b)
Global Infrastructure Facility
2
IMF
(c)
Global Financial Stability Report
3
WB
(d)
Global Competitiveness Report
4
WEF
            (a)       (b)       (c)       (d)
[A]      1          2          3          4
[B]      4          2          3          1
[C]      1          3          2          4
[D]      4          3          2          1

(72)
Match:
List – I
List – II
(a)
IMF
1
Lower servicing charge on loans
(b)
WTO
2
Separate legal entity
(c)
IFC
3
Resolving trade disputes
(d)
IDA
4
Short term credit institution
            (a)       (b)       (c)       (d)
[A]      1          2          3          4
[B]      4          2          3          1
[C]      1          3          2          4
[D]      4          3          2          1

(73)
Which of the following is not having its HQ in Mumbai?
[A] Life Insurance Corporation of India (LIC)
[B] Industrial Finance Corporation of India (IFCI)
[C] Unit Trust of India (UTI)
[D] General Insurance Corporation of India (GIC)

(74)
Which theory brings out the relationship between the Birth Rate and the Death Rate?
[A] Malthusian Theory of Population
[B] The Theory of Optimum Population
[C] The Theory of Demographic Transition
[D] Rostow's Stages of Economic Growth

(75)
Disposable Income = Personal Income - _____________
[A] Personal Taxes
[B] Depreciation
[C] Indirect Taxes
[D] Corporate Taxes

(76)
Silver Revolution denotes
[A] Milk production
[B] Egg production
[C] Rice production
[D] Cotton production

(77)
If the GDP is measured at the price prevailing at a point of time, then it is called
[A] GDP Current Price
[B] GDP Market Price
[C] GDP Constant Price
[D] [A] + [B] + [C]

(78)
Which of the following is/are feature(s) of Pradhan Mantri Jan Dhan Yojana?
1. Providing universal access to banking facilities.
2. Providing Basic Banking Accounts with overdraft facility of Rs.5000 after six months and RuPay Debit card with inbuilt accident insurance cover of Rs. 1 lakh and RuPay Kisan Card
3. Financial Literacy Programme
4. Issuance of credit cards.
[A] 1 and 2 only
[B] 1, 2 and 3 only
[C] 1, 2 and 4 only
[D] 1 and 3 only

(79)
Which of the following is not a function of Reserve Bank of India?
[A] Regulation of credit.
[B] Regulation of foreign exchange.
[C] Management of fiscal deficit.
[D] Banker to the government and commercial banks.

(80)
Union Finance Minister Arun Jaitley, while presenting the Union Budget 2015-16 in the Lok Sabha on 28 February 2015 termed something as Amrut Mahotsav. What is Amrut Mahotsav?
[A] 75th year of India’s independence
[B] Centenary year of return of Mahatma Gandhi to India
[C] Final outcome of Swachh Bharat Mission
[D] 150 years of birth of Mahatma Gandhi

(81)
Which Public Sector Undertaking became the 17th Navratna Company of the country?
[A] Container Corporation of India (CONCOR)
[B] BEML Limited
[C] Airports Authority of India (AAI)
[D] Engineers India Limited (EIL)

(82)
Which Indian Telecom Company tied-up with United Nations Children’s Fund (UNICEF) to provide health, education, and youth-focused content in 17 African countries?
 [A] Bharat Sanchar Nigam Limited
[B] Tata Indicom
[C] Reliance Infocomm Limited
[D] Bharti Airtel Limited

(83)
Which of the following statement(s) is/are correct in regard with Swachh Bharat?
1. Swachh Bharat Mission was launched on August 15, 2014
2. The objective of Swachh Bharat Mission is ensuring cleanliness in all the 4,041 statutory cities and towns of the country by October 2, 2019
3. Swachh Bharat Mission has a targeted construction of household toilets, community toilet seats and public toilet seats besides assisting urban people in solid waste management
 [A] 1 Only
[B] 2 and 3 Only
[C] 1 and 2 Only
[D] 1, 2 and 3

(84)
What is the name of the panel constituted by the Union Ministry of Finance to look into unclaimed public provident fund and postal savings?
[A] Pronab Sen panel
[B] H R Khan panel
[C] Bimal Jalan panel
[D] T C Ananth panel

(85)
Governing council of the NITI Aayog do not includes
1. Finance minister
2. Chief Ministers of all states
3. Chief Ministers of Union Territories or Lieutenant Governors of all Union Territories
[A] 1 and 2 Only
[B] 2 and 3 Only
[C] 1 and 3 Only
[D] 1, 2 and 3

(86)
Pradhan Mantri Kaushal Vikas Yojana (PMKVY) will provide skills training to which class drop out youths?
[A] Class 10 and 12
[B] Class 10 and 11
[C] Class 9 and 10
[D] Class 8 and 10

(87)
With reference to SLR (Statutory Liquidity Ratio), consider the following statements:
1. SLR works indirectly – hence it did not affects the borrowing of the government from the RBI
2. Banks are adjusted to SLR requirements
3. Each bank is required statutorily to maintain a prescribed minimum proportion of its weekly total demand and time liabilities in the form of designated liquidity assets
4. The current balance with other banks is also comprises as the liquid asset
[A] 1 is incorrect; 2, 3 and 4 are correct
[B] 4 is incorrect; 1, 2 and 3 are correct
[C] 1 and 3 are incorrect; 2 and 4 are correct
[D] 2 and 4 are incorrect; 1 and 3 are correct

(88)
With reference to National Bank for Agriculture and Rural Development (NABARD), consider the following statements:
1. NABARD was established in 1982
2. It takes loan from RBI and SBI only
3. It was established to provide credit for the promotion of agriculture, small scale industries and cottage and village industry
Which of the statements given above is/are correct?
[A] 1 Only
[B] 3 Only
[C] 1 and 3 Only
[D] 1, 2 and 3

(89)
Which of the following aren’t the departments of the Finance Ministry?
1. Department of Expenditure                             2. Department of Economic Affairs
3. Department of Banking                                     4. Department of Revenue
5. Department of Budget
[A] 2 and 3 only
[B] 3 and 4 only
[C] 3 and 5 only
[D] 2 and 5 only

(90)
Consider the following statements:
1. All BIMSTEC countries have coastlines along with Bay of Bengal
2. All BIMSTEC countries are also members of ASEAN
Which of the above statement(s) is/are correct?
[A] 1 only
[B] 2 only
[C] Both 1 and 2
[D] Neither 1 nor 2

(91)
Consider the following statements in connection with the Kaladan Multi-Modal Transit Transport Facility
1. This is a joint initiative by shipping ministries of India and Myanmar
2. To setup new ports at Dugarajapatnam (Andhra) and Kaladan (Myanmar)
3. This project will also provide Rail-Road connectivity from Myanmar to Manipur
Which of the above statement(s) is/are correct?
[A] 1 and 2 only
[B] 2 and 3 only
[C] 1 and 3 only
[D] None of them

(92)
What is “Indicash” ATM?
[A] Brown label ATM chain under Indus Bank
[B] Brown label ATM chain under Bank of India
[C] White label ATM chain owned and operated by Tata
[D] White label ATM chain owned and operated by Reliance

(93)
A person is said to suffering from Money illusion, when he _____.
[A] Invests in bitcoins and other virtual currencies
[B] Measures his wealth on face value of money
[C] Measures his wealth on real value of money
[D] Invests in stock exchanges of developing countries

(94)
Private Entrepreneurs Guarantee (PEG) is administered by
[A] Ministry of Commerce
[B] Ministry of Finance
[C] Ministry of Consumer Affairs
[D] Ministry of Agriculture

(95)
Consider the following statement(s) in regard with GIFT [Gujarat International Financial Tech City]
1. It will be treated as non-resident Indians located outside India
2. Foreign banks can be set up
3. CRR-SLR, Repo Rate and other liquidity measures are applicable
Which of the above statement(s) fits for GIFT?
[A] 1 and 2 only
[B] 2 and 3 only
[C] 1 and 3 only
[D] 1, 2 and 3

(96)
In Economics World, what is the term POEM related to
[A] Tax evasions
[B] Infrastructure with Social responsibility
[C] Controlling the Inflation
[D] Regional Rural Banks

(97)
_______ is the percentage of deposits that banks must mandatorily hold in the form of government bonds.  These bonds can be sold at a short notice to meet any unexpected demand from depositors
[A] Marginal Standing Facility
[B] Cash Reserve Ratio
[C] Liquidity Adjustment Facility
[D] Statutory Liquidity Ratio

(98)
The unique feature of Usha Multipurpose Cooperative Society is
[A] for HIV affected
[B] for tribal women
[C] for disabled women
[D] for sex workers

(99)
Which of the following is NOT correct?
1. PRASAD is implemented by Ministry of Urban Development
2. HRIDAY is implemented by Ministry of Tourism
3. 12 cities selected for HRIDAY and 9 cities selected for PRASAD projects
4. Kancheepuram is included for HRIDAY project and not for PRASAD project
[A] 1, 2 and 3 only
[B] 1, 2 and 4 only
[C] 3 and 4 only
[D] 1, 2, 3 and 4

(100)
Name the company that became the first company in the world to reach a market value of $700 billion as its share price touched record high value on US Stock Exchanges?
[A] Microsoft
[B] Sony
[C] Apple
[D] ICICI

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Questions taken from
RBI Website
+1, +2 TN School Books
Tata Publications on Indian Economy
Newspapers of Indian Express, The Hindu
Indian Year Book

Previous year TNPSC & UPSC Questions
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The above questions in pdf [Click Here]

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